The new aircraft are all scheduled for delivery by the end of 2015. The 10 additional B777-300s will bring the total to 46 aircraft of this type within Cathay Pacific’s fleet and the 15 new A330-300s will add to the 32 aircraft of this type already within the carrier’s fleet.

The two A350-900s will be the first of its kind to enter the carrier’s fleet in 2015 while the 30 others purchased last year (see story here) will be delivered between 2016 and 2019. Tony Tyler, chief executive of Cathay Pacific, said: “Our plan is to retire our 21 B747-400 and 11 A340-300 aircraft before the end of the decade as we take delivery progressively of new generation aircraft that will provide much greater fuel and operating cost efficiencies.” Currently, the average age of aircraft within Cathay’s fleet stands at 20 years. He said: “This is important both for environmental reasons and from a financial perspective as fuel remains our greatest single cost.”

When anouncing record profits of HK$14 million (US$1.7 million) for 2010, the carrier emphasised that the recent spike in oil pricees due to turmoil in the Middle East is a “source of real concern.”

Christopher Pratt, Cathay Pacific chairman, said: “If fuel remains at this level or continues to rise, we can expect adverse effect on our profitability as fuel accounts for up to 40 percent of our operating costs.”

The carrier stated it will hedge 20 to 30 per cent of its fuel to ensure protection against higher oil prices despite last year’s fuel hedging activities resulting in losses. For more information, visit www.cathaypacific.com

Comments

Post a Comment

Top 3 @ PT

As Perpetual Travellers we are all too quick to judge the transportation means and accommodation units that we frequent, whilst demanding ever increasing services at lower cost in line with our needs, but who is judging us the Tourists?

Having worked in the Tourism Industry for over 30 years within the fields of Hotels, Tour Operators, Airlines and Cruises, I learned from many of my former colleagues typically over coffee breaks or in more informal settings, that we the industry people often categorize Tourists and the behaviors of our Guests by their nationality, which in all honesty involves a measure of stereotyping.

For example many of us know that omni-present classic European statement, which is supposed to explain the essence of our strengths and weaknesses, as an expression of how we view ourselves in Europe. If you are not familiar, it goes something like this…

The perfect Europe would be when all the…Cooks were French Police are British Mechanics are German Lovers are Italia…

The Skytrax World Airline Awards feature the most acclaimed recognition within the industry that any airline can wish to win! As such the awards are commonly known by insiders as the "Oscars of the aviation industry”. Each airline knows that the annual announcement has become a truly worldwide benchmark of airline excellence.

Travellers across the planet take part each year in the world’s largest airline passenger satisfaction survey to determine the eventual winners. The Skytrax Survey and Awards Methodology is fully transparent, and the process remains 100% independent, meaning no payment or advertising by any airline takes place, nor is there any involvement of any other outside organizations, concerning any aspect of the customer survey or Awards presentation event.

So as every Perpetual Traveller wants to know, who are the winners, losers and shakers for 2017? Here below is the world’s Top 10:

Perpetual Traveller offers all readers a special early summer bird prices at the Linos Inn. Details below...DescriptionLinos Inn is situated in Old Kakopetria village, in the Solea Valley (50 km from Nicosia) and 15 km from Mount Olympus, (highest peak of the Troodos mountains). Linos Inn is a Agrotourism complex of delightful traditional houses lovingly restored featuring a superb homely environment. Accommodation varies from studios and double-bed rooms to suites as well as a separate villa. All rooms are fully air-conditioned with traditional furniture, balcony / veranda, bathroom, telephone, radio, satellite TV, mini bar, fire place and a Jacuzzi in most of the rooms.

Based on a research brought to us by BusinessInsider, we are now able to let you know the best worldwide Airlines!

The research took into consideration the in-flight experience based on ratings for seat comfort, in-flight entertainment, cabin cleanliness and condition, quality of meals served, and service efficiency and time of departure and arrival! So, the results have been the following!